Microgrid Solar expands
Dec 10, 2015, 11:34am CST
Clayton-based Microgrid Energy, a developer of solar projects, has expanded with a new office in Denver.
Kacie Peters, Microgrid’s sales director, and Mat Elmore, formerly of Elevate Energy, will lead the office. Both were previously based in Chicago.
The company plans to capitalize on Colorado’s new PACE (Property Assessed Clean Energy) program, which will offer commercial property owners a chance to spread the cost of energy and water projects over 20 years while repaying them through assessments on their property tax bills.
“The COPACE program is one of the most progressive in the country, and our whole team is excited about the opportunities in this region,” said Microgrid Energy CEO, Rick Hunter, in a statement. “We’ve seen PACE revolutionize the commercial market for solar and efficiency, and we’re proud to be bringing our expertise here full time.”
The COPACE program is set to fully launch early 2016.
Microgrid had 2014 revenue of about $30 million, up from $21.6 million in 2013.
Aside from its Clayton headquarters and the new Denver office, Microgrid has offices in Chicago, New York, Minneapolis and Los Angeles, with plans for more expansion over the next year.
From the St. Louis Business Journal: